During the last few months some central banks have done things which I applaud, while others have done things which I find both incomprehensible and incompetent. In the current climate, it’s easy to misread the markets.
UNESCO, the cultural and educational agency of the United Nations, expressed regret on Thursday over the United States’ official decision to leave its organization.
Director-general Irina Bokova said in a statement that the departure is a loss for "the United Nations family" and for multilateralism. She said the U.S. and UNESCO matter to each other more than ever now because "the rise of violent extremism and terrorism calls for new long-term responses for peace and security."
University of Chicago professor Richard Thaler may have won the Nobel Economics Prize on Monday for his work on behavioural economics, but the behaviour of investors has him stumped.
Thaler said on Tuesday he is puzzled by the steady rise of global stock markets in recent years, even as many countries are gripped by political and social drama.
Warren Buffett has attacked US President Donald Trump’s plan to slash taxes for companies as well America’s richest individuals.
“We have a lot of businesses… I don’t think any of them are non-competitive in the world because of the corporate tax rate,” billionaire investor Mr Buffett told CNBC, on Tuesday.
– US growth is currently above its potential
– The United States has seen positive growth since 2010
– Household savings have declined over the past two years. Strength of growth will depend on households’ consumption-to-savings ratio
– Trumponomics is not dead against the background of hurricane impact
President Donald Trump said on Wednesday that taxes on rich Americans might rise, as he pursues a tax code overhaul and reaches out to both Democrats and Republicans in a push to win support for a plan still far from complete.
Trump met with the two top congressional Democrats over dinner at the White House in a search for common ground that could make it easier to get a tax-cut package through Congress.
US President Donald Trump forged a deal with Democrats in Congress on Wednesday to extend the nation’s debt limit and provide government funding until Dec. 15, Reuters reports.
After meeting with congressional leaders from both parties at the White House, Mr Trump said he also agreed on a funding bill until mid-December that would avert a government shutdown, and disaster aid for Hurricane Harvey victims.
The Trump administration on Thursday announced it has chosen four companies to build concrete prototypes of the president’s much-touted border wall.
Construction of the prototypes, to take place in San Diego, is the first step in fulfilling Trump’s campaign promise of building a "big, beautiful" wall stretching along the 2,000-mile Mexico border.
